Thursday, March 16, 2017

Wall Street Bonuses

The total bonus pool for 177,000 Wall Street employees was 1.6 times the combined annual earnings of all 1,075,000 U.S. full-time minimum wage workers.

The average Wall Street bonus increased by 1 percent last year to $138,210. Since 1985, the nominal value of the average Wall Street bonus has increased 890 percent, whereas the minimum wage has risen only 116 percent.

The 2016 bonus pool held enough dollars to lift the pay of any one of these groups of low-wage workers up to $15 per hour:

Subscribe to Vineyard Views via email

Upper Makonikey

Quotation of the Day

About Me

I spent my career in the computer software business and experienced the joy of working in an area that has changed the way we live.
I retired to the Vineyard in 2002 and devoted a fair amount of time to civic affairs and the local Habitat affiliate.
Eventually, in 2006 I went back to work as the Finance Director of a non-profit focused on providing affordable, rental housing to the low income elderly and the low income disabled of the Vineyard.
Now, I've retired for a second time and moved to Duncaster, a continuing care retirement community in Connecticut.